• Українською
  • Oleksiy Lyubchenko: Positive dynamics in the economy and industrial recovery is the key to GDP growth to 4.1% in 2021
    Ministry of Economy of Ukraine, posted 26 July 2021 11:31

    For the fourth month in a row, the Ministry of Economy notes the growth of industry in Ukraine. Given this and the positive trends in other sectors of the economy, in the 2nd quarter of this year, GDP growth is expected at around 6% (compared to the 2nd quarter of 2020). This will allow GDP growth of 1.9% in the first half of the year, and 4.1% in 2021, which is in line with the Government's official forecast. These data were announced by the First Deputy Prime Minister - Minister of Economy of Ukraine Oleksiy Lyubchenko.

    "In April-May this year, we saw an increase in the industry by 13.8% and 5.4%. But the main reason for such rates was the biggest failure recorded in the corresponding period last year. And the recovery of the industry, which we have been recording since June this year, is mostly characterized by economic factors," Oleksiy Lyubchenko commented.

    According to him, the growth of industry by 1.1% in June was formed precisely under the influence of active foreign markets, the gradual recovery of demand for certain products in the domestic market. In general, following the results of 6 months of 2021, industrial production increased by 2.1%.

    The First Deputy Prime Minister also noted another positive trend in the Ukrainian economy - an increase in the number of people working officially: "The number of officially employed people is growing rapidly. In 18 days of May, the State Tax Service received almost 162 thousand employment applications, in 18 days in June - this figure was already more than 217 thousand, and in 18 days in July - 232 thousand people. Compared to the same period last year, the number of employed persons increased by 22%. Such dynamics of official employment is an important marker of the efficiency of companies and the establishment of a dialogue between the state and business."


    In June, in 6 out of 12 aggregate subspecies of industry, production growth exceeded downturn in June last year:

    · Production of furniture, other products, repair and installation of machinery and equipment - by 15.7% (minus 7.2% in June 2020),

    · Production of rubber and plastic products, other non-metallic mineral products - by 18.6% (minus 1.3%, respectively),

    · In metallurgy against the background of favorable conditions in foreign markets of ferrous metals - by 7% (minus 3.6%, respectively);

    · Pharmaceutical production - by 8% (minus 7%);

    · Woodworking, cellulose, printing industry - by 14.9% (minus 6.9%);

    · Production of coke and refined products - by 6.8% (plus 7.8%).